AssetID: 55217992
Headline: UNCAPTIONED: Porsche's Operating Profits Have Plummeted
Caption: Porsche’s Operating Profits Have Plummeted. Porsche’s profits have taken a dramatic hit this year, falling by an astonishing 99 percent compared to 2024. The German automaker reported just €40 million in operating profit through the first three quarters of 2025 — down from more than €403 million last year. Global sales revenue also dropped by €1.7 billion, while vehicle deliveries declined by 13,000 units, around six percent. Outgoing CEO Oliver Blume has already acknowledged the company’s difficulties amid a wider downturn in the electric vehicle market. In response, Porsche plans to cut up to 1,900 jobs by 2029 as part of a long-term restructuring plan. Despite the bleak numbers, the company remains confident. Board member Dr. Jochen Breckner said Porsche is “consciously accepting temporarily weaker financial figures” as it sharpens its strategy to strengthen the brand’s long-term resilience and profitability. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Motoring,Porsche,operating,profits,plummeted,falling,99 percent,2024,2025,supercar,luxury,German,automaker,operating profit,millions,CEO Oliver Blume,company,difficulties,electric vehicle market,downturn
PersonInImage: